Friday, December 09, 2016

Cotton trading range for the day is 18607-18927. Cotton prices ended with losses due to subdued demand from domestic mills in the spot market. For the current season, cotton arrivals in the country are pegged at 45.43 lakh bales (lb) as on now. India's cotton exports are seen falling 34% on year to 825,000 tonnes in 2016-17 (Oct-Sep). Cotton prices in spot market dropped by 90.00 rupees and settled at 18630.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

Cardamom trading range for the day is 1323.7-1443.7. Cardamom prices dropped on profit booking after prices gained duw to squeeze in supplies. Cardamom auctions at Puttadyin Kerala and Bodinaikanur in Tamil Nadu were cancelled on Tuesday and Wednesday. Farmers did not want to sell fearing delayed receipt of sale proceeds while the buyers were not enthusiastic to buy for want of sufficient funds. Cardamom prices in spot market gained by 12.40 rupees and settled at 1358.60 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

Rmseed trading range for the day is 4564-4760. Mustard seed dropped on oversupply woes in local market following reports of robust sowing data. Supply in market yard has increased as compared to last week as farmers need money for rabi crop sowing. NCDEX accredited warehouses mustard seed stocks gained by 131 tonnes to 3587 tonnes. In Alwar spot market in Rajasthan the prices dropped -1 rupees to end at 4745 rupees per 100 kg. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

Maize trading range for the day is 1421-1439. Maize prices ended with flat node tracking weakness in spot demand and overseas prices. The area under the rabi maize crop across the country was at 1.01 mln ha, up 6.4% from a year ago, according to data. NCDEX accredited warehouses maize stocks gained by 194 tonnes to 4958 tonnes. In Nizamabad maize spot prices gained 9.05 rupees to 1452.2 rupees per 100kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

CPO trading range for the day is 545.1-574.7. Crude palm oil prices dropped on profit booking after prices gained on supply worries and strong demand. Downside was limited on production concerns in Malaysia fuelled by forecast of heavy year end rain which may hinder harvest. There are signs that China's palm oil imports, which have fallen in recent years, are picking up again, the MPOC said. Crude palm oil prices in spot market dropped by 3.30 rupees and settled at 565.80 rupees.To get reliable and quality NCDEX Tips ✆ – 0731-6642300

Ref.Soya oil trading range for the day is 718-734. Ref soyoil ended with losses tracking weakness in other oilseed counters despite of supply worries in global market. USDA said private exporters sold 330,000 tons of US soybeans to China, split between 2016/17 and 2017/18 delivery. The exports of oilmeal fell by 9.75% and stood at 1,08,342 tonnes in November this year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 733.5 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

Jeera trading range for the day is 16985-17715. Jeera prices ended with losses on reports of higher sowing at the producing belts of Gujarat. India's jeera exports rose 36% on year to 73,000 tn in Apr-Oct as demand from overseas buyers was robust. NCDEX accredited warehouses jeera stocks dropped by 6 tonnes to 117 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -50 rupees to end at 18500 rupee per 100 kg. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

Turmeric trading range for the day is 7014-7198. Turmeric gained on late short covering after prices dropped as reports of good production from new season crops weighed on prices. The stock positions of Turmeric in the Exchange warehouses in the current season are only stock at Sangali. NCDEX accredited warehouses turmeric stocks dropped by 60 tonnes to 2108 tonnes. In Nizamabad, a major spot market in AP, the price ended at 7725 rupees dropped -4.55 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300